<p>There is nothing wrong with pennies. You just have to know what your doing. I have done very well over the last few years trading pennies, and it all comes down to how much you know, and how well you have trained yourself. I've seen people loose all there money in a day, but if they would have at least put a stop on it, they could have prevented a huge loss. It all comes down to how much your willing to risk. I orginally invested $1000, I made in a few weeks at a summer job. That is now worth about $15,000. Reason why, I displined my self, to think quick, and to not get greedy and look for the stock to go up over 1000%(though they do). I'd take a 10%, sell, and then get into another. Too many people are GREEDY, and that's why they loose. If you don't know what your doing don't get into pennies. Remember it takes a few months before, you get the hang of it, and start making some money.</p>
<p>If I had enough money, I would day trade equities all day. Buy Lucent, goes up 3 cents that day, and then sell. Then do that about 100 times that day, and you can call your self a day trader. I just don't have enough money in my account to trade margin. And because of the SEC three day rule, I can't get around it.</p>